RAPID SIGNAL BUY NOW Gold (XAU/USD) SL @: 1764.90 | Focal Community Group (FXSignals)

RAPID SIGNAL
BUY NOW Gold (XAU/USD)

SL @: 1764.90


While PPI came as a shocker (and thus also weighed on gold prices), I don't believe that the Fed can do much against the strongly rising inflation. Most analysts and especially investors don't understand how inflation appears and one of the biggest drivers is a very tight labor market, which we currently see in the US. Companies continue to struggle hiring which will increase wages which in turn will have an impact on the inflation as consumer have more money to spend which increases consumer spending and the demand for products (which man of them have still a limited supply). Gold will rebound from the current losses. We trade gold LONG short-term and trade the rebound.

Tip: Multiply your usual lot size by ~ 0.6 – 0.8 (60% - 80%) trading Gold (XAU/USD).